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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

04/24/2012

Big Lots Inc. (BIG)

Big Lots got crushed today, down 24.06% at $34.71. Over the past year Big Lots has been rallying nicely, however today the market is correcting the company. Big Lots sales have been significantly hurt, especially in the electronics and food/clothing sectors. The declining sales in these areas are causing investors to worry about whether Big Lots can compete with giants such as Walmart and Costco. Big Lots has stated its first quarter sales are going to be negative, compared to its previous guidance of an increase of 2-4%. Furthermore, numerous analysts downgraded "Big Loss" based on the news provided by the company. Big Lots has found ways to bring low prices to its customers, now it seems to have found a way to bring a low stock price to its investors.

The Hershey Company (HSY)

Hershey is very sweet today, up 5.96% at $66.00. Hershey is seeing gains today based the companies reported first quarter profits, as well as an improved outlook for this year's earnings. Hershey reported first quarter profits up 24% due to a mix of increases in pricing and cost cutting. Net income rose to $198.7 million, which equates to 87 cents per share. The company's revenue was expected by analysts to be $1.66 billion; however the actual revenue was reported higher at $1.73 billion. Hershey also stated that it expected net income for the year to rise10-12%. The amazing earnings report and the news that Hershey has new products that it is planning on releasing has made the company a mouthwatering stock today.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.